Question: 1 . What are the U . S . trade balances with Mexico and Canada and how have those balances changed since 2 0 0
What are the US trade balances with Mexico and Canada and how have those balances changed since
In the US trade balances are Since the overall US trade balance has
A
a deficit of $ billion with Mexico and a deficit of $ billion with Canada;
become an even larger percentage of GDP
B
deficit of $ billion with Mexico and a surplus of $ billion with Canada;
become an even larger percentage of GDP
C
surplus of $ billion with Mexico and almost a zero balance with Canada;
decreased significantly
D
a deficit of $ billion with Mexico and a surplus of $ billion with Canada;
become an even smaller percentage of GDP
Part
What are the concerns of the Trump administration about these balances?
The concern is that these trade balances will
A
result in US manufacturing jobs moving to Mexico and Canada
B
continue to lower US tariff revenue
C
encourage illegal immigration into the United States
D
increase the US government budget deficit
Part
What action does the Trump administration propose taking to change these balances?
To change the trade balances with Mexico and Canada, the Trump administration proposes
A
renegotiating NAFTA and imposing tariffs on imported goods
B
a ban on trade with Canada and Mexico if they fail to use a flexible exchange rate
C
renegotiating NAFTA and banning trade with Canada and Mexico if they implement a crawling peg exchange rate
D
setting quotas on US imports from Canada and Mexico
trade balance has The concern is that these trade balances will To change the trade balances with Mexico and Canada, the Trump administration proposes
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